When an owner works in a business, payment for services is made by_______ .
A)Creating a Paycheck
B)An Owner Withdrawal
C)A contribution to a Special Fund
D)Adding the time as an investment in the business

Question

Quizplus · Accepted Answer

When an owner works in their own business, the payment for their services is typically made through an owner withdrawal, also known as a draw. This is because the owner is not an employee of the business but rather the proprietor, and thus they do not receive a traditional paycheck. Instead, they withdraw funds from the business earnings for personal use.

When an Owner Works in a Business, Payment for Services